Crypto Expert Sees Bitcoin Going for a Rally After Tariff Shock

Crypto analyst Crypto Capo believes that Bitcoin may be on the verge of a significant upward move despite its recent dip.

Sharing his thoughts on Telegram, Capo pointed out that technical indicators still show bullish signals, suggesting a potential rally ahead.

He noted that Bitcoin’s price has been fluctuating around the $84,000-$85,000 range, struggling to find a clear direction. Capo emphasized that a decisive reclaim of the $85,000 level could trigger a strong push to the $92,000-$98,000 range, which he identifies as the next major resistance area.

Reflecting on the recent volatility, Capo mentioned that unpredictable price action is why he usually avoids leverage trading. However, he remains optimistic, explaining that the market’s reaction to recent tariff announcements may not be as negative as expected. According to him, the impact of President Trump’s new global tariffs might already be factored into the current price, leaving room for an unexpected bullish breakout.

Capo also suggested that many traders might be bracing for a bearish outcome, but the prolonged market decline over the past weeks hints at a potential reversal. He speculates that today’s market reaction could turn into a “buy the news” scenario, especially if Bitcoin shows signs of strength after the tariff announcement.

In a separate post on X, Capo warned against selling Bitcoin at the current levels, arguing that the market may be caught in a bear trap—a situation where traders are misled into thinking that a significant downturn is imminent. He remains confident that Bitcoin still has the potential for a strong recovery, as long as it can firmly reclaim the critical $85,000 level.

Alexander Stefanov